Content
Published:
This is an archived release.
Decrease in bankruptcies levels off
The number of bankruptcies is still falling, but not as much as in earlier quarters. In the third quarter of 2006, there was a decrease of 8 per cent compared with the third quarter of last year.
710 bankruptcies were recorded in the third quarter of 2006. The counties of Oslo and Akershus had 145 and 100 bankruptcies respectively, and these two counties stood for 35 per cent of all bankruptcies in the third quarter. However, these are also the two counties where almost one third of all Norwegian enterprises are situated. Compared with the third quarter of last year, the number of bankruptcies in Akershus rose by 30 per cent, while it went down by 11 per cent in Oslo.
Most bankruptcies within wholesale and retail trade ...
479 of the 710 bankruptcies were related to enterprises (exclusive sole proprietorships). Nine out of ten enterprises that went bankrupt were private limited companies.
One third of the bankruptcies related to enterprises are within wholesale and retail trade. Bankruptcies within retail sale of clothing stand for 16 per cent of the bankruptcies within this industrial activity. The total number of bankruptcies within wholesale and retail trade dropped by 15 per cent compared with the third quarter of last year.
Every third enterprise that went bankrupt was established in 2000 or before, while 15 per cent of the enterprises were established in 2005 or this year.
... and construction
There were 231 bankruptcies related to sole proprietorships and personal bankruptcies. 35 per cent of them were within construction. The number of bankruptcies within this industrial activity went up by 5 per cent compared with the third quarter of last year.
Less bankruptcies within ICT
While 52 enterprises within ICT went bankrupt in the third quarter of 2005, the number stood at 44 in the corresponding period in 2006. This is a decrease of 15 per cent.
Tables:
- Table 1 Bankruptcies, by quarter and county. 2005-3rd quarter 2006
- Table 2 Monthly bankruptcy proceedings. 1998-2005 and 1st-3rd quarter 2006
- Table 3 Bankruptcies, by industrial activity. 3rd quarter 2005 and 2006
- Table 4 Bankruptcies, turnover and persons employed, by industrial activity. 1st-3rd quarter 2005 and 2006
- Table 5 Bankruptcies in wholesale and retail trade, by industrial activity. 3rd quarter 2005 and 2006
- Table 6 Bankruptcies in wholesale and retaile trade, turnover and persons employed, by industrial activity. 1st-3rd quarter 2005 and 2006
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Table 7 Bankruptcies in information sector (ICT-sector and content sector)], turnover and persons employed, by industrial activity.
3rd quarter 2005 and 2006 - Table 8 Enterprise bankruptcies except sole proprietorships, by year of establishing and county. 3rd quarter 2005 and 2006
- Table 9 Bankruptcies in private limited companies and public limited companies, by county and share capital. 3rd quarter 2005 and 2006
- Table 10 Bankruptcies, by county and legal form. 3rd quarter 2005 and 2006
- Table 11 Sole proprietorships incl. personal bankruptcies by county and the owner's gender. 3rd quarter 2006
- Table 12 Sole proprietorships incl. personal bankruptcies by economic activity and the owner's gender. 3rd quarter 2006
Contact
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Harald Fondevik
E-mail: harald.fondevik@ssb.no
tel.: (+47) 40 90 24 47